Finally Time To Raise Your Stake? Hovde Group Upgrades Sierra Bancorp (NASDAQ:BSRR) Shares

February 15, 2018 - By Linda Rogers

  Finally Time To Raise Your Stake? Hovde Group Upgrades Sierra Bancorp (NASDAQ:BSRR) Shares

Investors sentiment increased to 1.71 in 2017 Q3. Its up 0.53, from 1.18 in 2017Q2. It increased, as 2 investors sold Sierra Bancorp shares while 22 reduced holdings. 14 funds opened positions while 27 raised stakes. 7.40 million shares or 1.88% more from 7.26 million shares in 2017Q2 were reported.

Credit Suisse Ag stated it has 0% in Sierra Bancorp (NASDAQ:BSRR). Nationwide Fund Advsrs accumulated 31,803 shares or 0% of the stock. Savings Bank Of America De holds 0% or 53,823 shares. Jacobs Levy Equity Mngmt Inc accumulated 0.01% or 14,200 shares. Banc Funds Llc owns 445,312 shares or 0.54% of their US portfolio. Fmr Limited Liability Corp accumulated 0% or 147,800 shares. 494,942 were reported by Vanguard Grp Inc. The California-based Schwab Charles Mgmt Incorporated has invested 0% in Sierra Bancorp (NASDAQ:BSRR). North Star Invest Mgmt Corp owns 140 shares. Moreover, Royal Bank Of Canada has 0% invested in Sierra Bancorp (NASDAQ:BSRR) for 1,181 shares. Moreover, Millennium Mgmt Lc has 0% invested in Sierra Bancorp (NASDAQ:BSRR) for 83,327 shares. State Common Retirement Fund has 0% invested in Sierra Bancorp (NASDAQ:BSRR). American Intl Grp Inc stated it has 8,214 shares. Deutsche Financial Bank Ag reported 55,464 shares stake. Wells Fargo And Co Mn invested in 0% or 12,893 shares.

Since October 30, 2017, it had 1 buying transaction, and 1 insider sale for $25,242 activity. WOODS GORDON T also sold $53,000 worth of Sierra Bancorp (NASDAQ:BSRR) shares.

Sierra Bancorp (NASDAQ:BSRR) Stock Upgrade

In an analyst report issued on Wednesday morning, Hovde Group increased shares of Sierra Bancorp (NASDAQ:BSRR) to a “Outperform”. The previous rating for BSRR was a “Market Perform”.

Investors sentiment increased to 1.71 in 2017 Q3. Its up 0.53, from 1.18 in 2017Q2. It increased, as 2 investors sold Sierra Bancorp shares while 22 reduced holdings. 14 funds opened positions while 27 raised stakes. 7.40 million shares or 1.88% more from 7.26 million shares in 2017Q2 were reported.

Credit Suisse Ag stated it has 0% in Sierra Bancorp (NASDAQ:BSRR). Nationwide Fund Advsrs accumulated 31,803 shares or 0% of the stock. Savings Bank Of America De holds 0% or 53,823 shares. Jacobs Levy Equity Mngmt Inc accumulated 0.01% or 14,200 shares. Banc Funds Llc owns 445,312 shares or 0.54% of their US portfolio. Fmr Limited Liability Corp accumulated 0% or 147,800 shares. 494,942 were reported by Vanguard Grp Inc. The California-based Schwab Charles Mgmt Incorporated has invested 0% in Sierra Bancorp (NASDAQ:BSRR). North Star Invest Mgmt Corp owns 140 shares. Moreover, Royal Bank Of Canada has 0% invested in Sierra Bancorp (NASDAQ:BSRR) for 1,181 shares. Moreover, Millennium Mgmt Lc has 0% invested in Sierra Bancorp (NASDAQ:BSRR) for 83,327 shares. State Common Retirement Fund has 0% invested in Sierra Bancorp (NASDAQ:BSRR). American Intl Grp Inc stated it has 8,214 shares. Deutsche Financial Bank Ag reported 55,464 shares stake. Wells Fargo And Co Mn invested in 0% or 12,893 shares.

Since October 30, 2017, it had 1 buying transaction, and 1 insider sale for $25,242 activity. WOODS GORDON T also sold $53,000 worth of Sierra Bancorp (NASDAQ:BSRR) shares.

Sierra Bancorp (NASDAQ:BSRR) Ratings Coverage

Among 9 analysts covering Sierra Bancorp (NASDAQ:BSRR), 3 have Buy rating, 0 Sell and 6 Hold. Therefore 33% are positive. Sierra Bancorp has $31.0 highest and $18 lowest target. $26’s average target is -3.99% below currents $27.08 stock price. Sierra Bancorp had 19 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Sierra Bancorp (NASDAQ:BSRR) has “Hold” rating given on Thursday, December 21 by Keefe Bruyette & Woods. Sandler O’Neill maintained it with “Hold” rating and $31.0 target in Tuesday, January 23 report. The firm earned “Mkt Perform” rating on Thursday, December 17 by Raymond James. On Thursday, January 7 the stock rating was upgraded by Raymond James to “Outperform”. The rating was initiated by FIG Partners with “Hold” on Thursday, December 21. The rating was upgraded by Raymond James to “Buy” on Tuesday, July 25. The firm has “Hold” rating given on Tuesday, October 24 by DA Davidson. The stock of Sierra Bancorp (NASDAQ:BSRR) earned “Mkt Perform” rating by Raymond James on Friday, December 16. The stock of Sierra Bancorp (NASDAQ:BSRR) earned “Market Perform” rating by Hovde Group on Monday, December 5. The rating was upgraded by Hovde Group to “Outperform” on Wednesday, February 14.

The stock increased 0.48% or $0.13 during the last trading session, reaching $27.08. About 3,700 shares traded. Sierra Bancorp (NASDAQ:BSRR) has risen 40.79% since February 15, 2017 and is uptrending. It has outperformed by 24.09% the S&P500.

Sierra Bancorp operates as the bank holding firm for Bank of the Sierra that provides a range of retail and commercial banking services to individuals and businesses in California. The company has market cap of $412.25 million. The firm accepts various deposit products, such as checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, sweep accounts, demand deposit accounts, NOW accounts, certificates of deposit, and brokered deposits. It has a 19.91 P/E ratio. It also provides real estate loans secured by commercial, professional office, and agricultural properties; construction loans for residential and commercial development; permanent mortgage loans, land acquisition and development loans, and multifamily credit facilities; secondary market services for residential mortgage loans; agricultural production loans; commercial and industrial loans and leases, including SBA loans and direct finance leases; mortgage warehouse loans; and consumer loans.

More notable recent Sierra Bancorp (NASDAQ:BSRR) news were published by: Prnewswire.com which released: “Sierra Bancorp Completes Acquisition of OCB Bancorp, Parent of Ojai Community Bank” on October 02, 2017, also Marketwatch.com with their article: “Sierra Bancorp” published on December 15, 2016, Nasdaq.com published: “Sierra Bancorp (BSRR) Ex-Dividend Date Scheduled for January 31, 2018” on January 30, 2018. More interesting news about Sierra Bancorp (NASDAQ:BSRR) were released by: Fool.com and their article: “How Risky Is Sierra Bancorp?” published on December 30, 2016 as well as Nasdaq.com‘s news article titled: “Is a Surprise Coming for Sierra Bancorp (BSRR) This Earnings Season?” with publication date: January 19, 2018.

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